$BNB /USDT Technical Analysis đ
đ Current Price: $675.27
BNB is showing strong momentum as it trades near its resistance levels. Here's a breakdown of potential movements with targets:
Key Levels to Watch:
1ïžâŁ Target 1: $680
Minor resistance level. If BNB breaks above this, expect a quick move to the next target.
Indicators: RSI showing neutral-to-bullish divergence.
2ïžâŁ Target 2: $695
Strong resistance zone. A breakout here could confirm bullish sentiment.
Watch for increased trading volume near this level.
3ïžâŁ Target 3: $720
Major resistance level, and achieving this could spark a long-term uptrend.
Indicators: EMA crossing suggests strong buying pressure.
đ Support Level: $650
If BNB faces rejection, $650 will act as the first support zone.
đ Strategy:
Bullish Trend: Enter on a breakout above $680 with a target of $695 and $720.
Bearish Scenario: Wait for a pullback to $650 for re-entry.
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